To gain an edge, this is what you need to know now.
Buying Under The Surface
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- Dow Jones Industrial Average (DJIA) is the most popular stock market index.
- Don’t let the weakness in DJIA fool you.
- The chart shows that the momo crowd is aggressively buying momo stocks. QQQ has become a proxy for momo stocks.
- Stock pumpers are having an especially good day in stocks such as SOLO, FUV, XPEV, KXIN, NETE and AYRO.
- Pumpers continue to take advantage of the fact that the momo crowd buys anything and everything that is pumped.